The Indian IT industry recorded 25.2 per cent employee attrition in FY22 and that pain will continue as it loses talent to other industries, said a report by TeamLease. The attrition in the contract staffing industry is predicted to touch at least 50 per cent in FY23 compared to 49 per cent in FY22, said the report called 'Brain Drain: Tackling the great talent exodus in IT sector'. Company policies, payment and work flexibility is making talent move, as non-technology firms step up demand. "Tech talent in non-tech companies will see 3X growth in the coming years, opening up approx 1 million new tech jobs by 2025.
Although in India the average commuting length is 29 minutes, a disheartening 12 per cent of commuters travel more than an hour to and from the place of work, according to a survey by Regus,a leading global workplace solutions provider.
Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
"The most important and effective way to focus on work and be productive at home is to treat it like your everyday routine." "Freshen up and dress and sit for work.
Dr Minish Jain, director of medical oncology, Ruby Hall Clinic highlights the need and importance of early screening to detect and prevent cancer.
In 2022, he raced past Usain Bolt, 'the world's fastest man', to become the world's most written-about athlete. The attention has followed a stream of medals: Asian Games gold twice, an Olympic gold, and silver and gold at the World Athletics Championships.
WhatsApp on Wednesday announced the expansion of its payments service in India to make it easier for people transacting with businesses to pay for purchases directly in the chat, with a choice of UPI apps, including rival digital payment options, as well as credit and debit cards. Meta founder and CEO Mark Zuckerberg asserted that India is leading the world in people and businesses embracing messaging. WhatsApp said it is working with partners Razorpay and PayU "to make paying for something as simple as sending a message", as the Meta-owned platform unveiled a host of new features to woo businesses in India's booming commerce market.
While money is among the key reasons why employees move to a new company, a strong company culture can also attract employees.
Long-distance commuting is still the norm despite progress in flexible working practices with 20 per cent of commuters globally and 26 per cent in India travelling over 90 minutes everyday, a survey revealed.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
Hindi language is not a competitor but a "friend" of all the other languages in the country, Union Home Minister Amit Shah said in Surat on Wednesday as he denounced the "disinformation" campaign to pit Hindi against regional languages.
'I thought I was the action hero, but Shah Rukh is the number one action hero of the country today.'
Crypto assets should not be granted official currency or legal tender status, the much-awaited synthesis paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB) has said ahead of the G20 leadership summit under India's presidency. However, the report has argued against a blanket ban on activities linked to crypto assets, explaining that such a move can be costly as well as technically demanding to enforce. Central banks should avoid holding crypto assets in their official reserve as they pose a risk to monetary and global financial stability, according to the synthesis paper.
"Lady candidates need not apply." So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise at this gender discrimination, especially since the Tata Group were pioneers on many fronts. Shortly, Murty became the first woman on the firm's shop floor.
The bill to amend the IIM Act of 2017 was introduced in the Lok Sabha last Friday amid disruptions by opposition members over the Manipur violence issue.
Student jobs help aid students who are in financial need.
'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row. This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability.
An Asscocham survey reveals that middle-rank employees in public sector units, foreign embassies and academic institutions are satisfied with their jobs driven by limited accountability.
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Female labour force participation in India is lower than many other EM economies.
The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
Telecom service providers (TSPs) have begun to monitor and prevent spam calls since May 1, with the help of an artificial intelligence and machine language-based system acting on the Telecom Regulatory Authority of India's (Trai) latest directive on the matter, its officials told Business Standard. Touted as the first big technological measure against the growing menace of unsolicited commercial communications, all TSPs have confirmed to Trai that they have rolled out the AI/ML tool. The filter system works on the distributed ledger technology (DLT) platform used by TSPs, and is set to go for incremental updates, rules for which will soon be released, they added.
A parent who regularly works the night shift may deliberately try to be awake and available for children before and after school.
'Conrad Sangma is an interesting mix of charisma, ability and has emerged as a capable leader.' 'Neiphiu Rio is very unassuming, quiet, subtle and stands out among all Naga leaders today.'
Ahead of World Yoga Day, rediffGURUS Radhika Iyer, Namita Piparaiya, Roopashree Sharma and Sabrina Merchant answer your yoga-related queries.
The next meeting of opposition parties will be held in Bengaluru on July 17 and 18, the Congress announced on Monday, and asserted their resolve to defeat the Bharatiya Janata Party has been strengthened by the 'Mumbai operations' of the 'BJP washing machine'.
According to Randstad Employer Brand Research (REBR) 2020, Microsoft India scored high on financial health, strong reputation and utilisation of the latest technologies. Others in the top 10 list are Samsung, Amazon, Infosys, Mercedes-Benz, Sony, IBM, Dell, ITC and TCS.
A few lucky entrepreneurs are leaving secure jobs behind to start businesses that break the $1 million threshold in annual revenue.
A basic outline and roadmap for Opposition unity are likely to be deliberated upon with the contentious issue of seat sharing and leadership questions to be avoided for now.
Who do you think should be part of India's playing for the second and final Test against South Africa?
Fight the high season and ridiculous prices with these simple and easy travel hacks.
Don't try to be a super woman. You must listen to your body, says Dr Mahima Bakshi.
India Inc has weathered many a storm during Covid-19: from supply chain disruptions to demand dips, steep increase in input costs to shortage of key raw materials. As most companies navigated unprecedented challenges on multiple fronts, realisation dawned also about the criticality of employee welfare in the survival of the business. And it was the human resources (HR) department that faced the greatest test on this front.
Raising a child as a single mother in India can be challenging, especially when it comes to managing finances.
Arjun Rampal, who is super-dynamic as the archvillain in Dhaakad, is expected to return in the sequel.
Workers' expectations around the pay rises this year have skyrocketed in India, with 90 per cent of people interviewed are looking for a hike in salary, a report said on Monday. In India, 90 per cent of workers interviewed expect a pay rise this year and on average, close to 20 per cent of the employees surveyed are anticipating an increase of 4-6 per cent, followed by 19 per cent anticipating a 10-12 per cent hike, ADP Research Institute's - People at Work 2023: A Global Workforce View - report revealed. The report revealed that in India, 78 per cent of workers received a pay rise last year, and the hikes averaged 4-6 per cent.
Sanju Samson believes that in the past few years he has prepared himself in a manner that he can't be considered a 'one-dimensional cricketer' any more.
The SIT had found several lapses in repairs, maintenance and operation of the bridge.
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